By clearing one understands a central accounting of mutual commitments in the banking.

There are Clearingsysteme both for the clearing of money transactions and for securities.

Security clearing

With the clearing if necessary only in favor of or zulasten themselves each participant of resulting in balances (balance) credited and/or loaded (net clearing), without a physical shift of the securities is necessary. If no balancing is accomplished, one speaks of gross clearing.

Clearingstellen exist on national and international level. The international clearing market, which permits this accounting also over frontiers away, is between the two societies euro CLEAR (in Brussels/Belgium) and Clearstream (in Luxembourg; before times Cedel) divided. Usually banks the customers of such Clearingsysteme and only banks are justified to maintain accounts at the international clearing companies. A European clearing service is offered by euroNEXT.

Cash clearing

The cash clearing (clearing of money) is operated i.d.R. by the central banks. Examples are the RTGSplus of the German Federal Bank or also the planned TARGET2-System are eurosystem-supplemented the cash clearing market by the systems of the Eurobank federation (EBA - euro Banking Association).

The stands in the suspicion to the money laundering and for money shift with fraudulent bankruptcy to be abused since the transactions are subject to the banking secrecy, and to control only with difficulty from the outside are.

Cash clearing is not to confound with cash Pooling in enterprise companies.

Literature

• Michael Clearing problems, 1998, ISBN 3-89639-140-2
• Ruediger Par, Matthias's stone gentleman, Sandra Waller: Country of origin principle and clearing with the value added tax - an macro-economic beginning, 1996, ISBN 3-88512-289-8

Articles in category "Clearing"

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